KeyCorp
Market Cap
US$19.1b
Last Updated
2020/01/17 01:31 UTC
Data Sources
Company Financials +
Executive Summary
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States.
Rewards
Risk Analysis
No risks detected for KEY from our risk checks.
Snowflake Analysis
Flawless balance sheet 6 star dividend payer.
Similar Companies
Share Price & News
How has KeyCorp's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: KEY has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
-0.2%
KEY
-0.3%
US Banks
1.7%
US Market
1 Year Return
15.2%
KEY
15.3%
US Banks
23.2%
US Market
Return vs Industry: KEY underperformed the US Banks industry which returned 21.7% over the past year.
Return vs Market: KEY underperformed the US Market which returned 24.7% over the past year.
Shareholder returns
| KEY | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.2% | -0.3% | 1.7% |
| 30 Day | -4.4% | -2.0% | 4.2% |
| 90 Day | 9.2% | 9.1% | 11.9% |
| 1 Year | 20.1%15.2% | 18.6%15.3% | 25.8%23.2% |
| 3 Year | 19.0%8.7% | 34.3%24.8% | 52.8%42.9% |
| 5 Year | 67.8%46.3% | 85.7%64.8% | 75.2%55.8% |
Price Volatility Vs. Market
How volatile is KeyCorp's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Do Institutions Own KeyCorp (NYSE:KEY) Shares?3 weeks ago | Simply Wall St
KeyCorp (NYSE:KEY) Is An Attractive Dividend Stock - Here's Why1 month ago | Simply Wall St
Do You Know What KeyCorp's (NYSE:KEY) P/E Ratio Means?Valuation
Is KeyCorp undervalued compared to its fair value and its price relative to the market?
34.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: KEY ($19.5) is trading below our estimate of fair value ($30.13)
Significantly Below Fair Value: KEY is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: KEY is good value based on its PE Ratio (12x) compared to the Banks industry average (12.8x).
PE vs Market: KEY is good value based on its PE Ratio (12x) compared to the US market (18.9x).
Price to Earnings Growth Ratio
PEG Ratio: KEY is poor value based on its PEG Ratio (2.4x)
Price to Book Ratio
PB vs Industry: KEY is overvalued based on its PB Ratio (1.3x) compared to the US Banks industry average (1.2x).
Next Steps
Future Growth
How is KeyCorp forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?
5.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: KEY's forecast earnings growth (5% per year) is above the savings rate (1.7%).
Earnings vs Market: KEY's earnings (5% per year) are forecast to grow slower than the US market (14.3% per year).
High Growth Earnings: KEY's earnings are forecast to grow, but not significantly.
Revenue vs Market: KEY's revenue (2.6% per year) is forecast to grow slower than the US market (7.5% per year).
High Growth Revenue: KEY's revenue (2.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: KEY's Return on Equity is forecast to be low in 3 years time (11.8%).
Next Steps
Past Performance
How has KeyCorp performed over the past 5 years?
17.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: KEY has high quality earnings.
Growing Profit Margin: KEY's current net profit margins (27.2%) are higher than last year (24.7%).
Past Earnings Growth Analysis
Earnings Trend: KEY's earnings have grown by 17.3% per year over the past 5 years.
Accelerating Growth: KEY's earnings growth over the past year (7.7%) is below its 5-year average (17.3% per year).
Earnings vs Industry: KEY earnings growth over the past year (7.7%) underperformed the Banks industry 27.1%.
Return on Equity
High ROE: KEY's Return on Equity (10.1%) is considered low.
Return on Assets
Return on Capital Employed
Next Steps
Financial Health
How is KeyCorp's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: KEY has a low level of unsold assets or inventory.
Debt Coverage by Assets: KEY's debt is not covered by short term assets (assets are 0.5x debt).
Financial Institutions Analysis
Asset Level: KEY's level of assets compared to its equity is low.
Allowance for Bad Loans: KEY has a sufficient allowance for bad loans.
Low Risk Liabilities: KEY's liabilities are made up of primarily low risk sources of funding.
Loan Level: KEY has an acceptable proportion of non-loan assets held.
Low Risk Deposits: KEY's loans are broadly funded by customer deposits.
Level of Bad Loans: KEY has an appropriate level of bad loans (0.71%)
Next Steps
Dividend
What is KeyCorp's current dividend yield, its reliability and sustainability?
3.81%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: KEY's dividend (3.79%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: KEY's dividend (3.79%) is in the top 25% of dividend payers in the US market (3.66%)
Stability and Growth of Payments
Stable Dividend: KEY's dividends per share have been stable in the past 10 years.
Growing Dividend: KEY's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.8%), KEY's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: KEY's dividends in 3 years are forecast to be well covered by earnings (42.6% payout ratio).
Next Steps
Management
What is the CEO of KeyCorp's salary, the management and board of directors tenure and is there insider trading?
5.6yrs
Average management tenure
CEO
Beth Mooney (64yo)
8.7yrs
Tenure
US$9,064,470
Compensation
Ms. Beth E. Mooney serves as Director at Ford Motor Company since July 10, 2019. Ms. Mooney has been the Chairman and Chief Executive Officer of KeyCorp since May 1, 2011 and serves as its President. Ms. M ...
CEO Compensation Analysis
Compensation vs Market: Beth's total compensation ($USD9.06M) is about average for companies of similar size in the US market ($USD10.76M).
Compensation vs Earnings: Beth's compensation has been consistent with company performance over the past year.
Management Age and Tenure
5.6yrs
Average Tenure
57yo
Average Age
Experienced Management: KEY's management team is seasoned and experienced (5.6 years average tenure).
Board Age and Tenure
9.5yrs
Average Tenure
63.5yo
Average Age
Experienced Board: KEY's board of directors are considered experienced (9.5 years average tenure).
Insider Trading
Insider Buying: KEY insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Individual |
| Role | Chief Accounting Officer Chief Accounting Officer & Executive Officer |
| Shares | 8,481 |
| Max Price | US$20.04 |
| Entity | Individual |
| Role | Chief Information Officer Chief Information Officer & Executive VP |
| Shares | 15,756 |
| Max Price | US$19.27 |
| Entity | Individual |
| Role | Chief Legal Officer Secretary & General Counsel |
| Shares | 173,777 |
| Max Price | US$18.50 |
| Entity | Individual |
| Shares | 8,300 |
| Max Price | US$18.32 |
| Entity | Individual |
| Role | Chief Information Officer Chief Information Officer & Executive VP |
| Shares | 10,806 |
| Max Price | US$18.02 |
| Entity | Individual |
| Role | Senior Key Executive Executive VP & President of Key Institutional Bank |
| Shares | 99,999 |
| Max Price | US$18.26 |
| Entity | Individual |
| Role | Chief Information Officer Chief Information Officer & Executive VP |
| Shares | 13,238 |
| Max Price | US$17.00 |
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Management Team
Chris Gorman (58yo)
President of Banking
- Tenure: 0.3yrs
- Compensation: US$5.06m
Beth Mooney (64yo)
Chairman
- Tenure: 8.7yrs
- Compensation: US$9.06m
Doug Schosser (49yo)
Chief Accounting Officer & Executive Officer
- Tenure: 4.7yrs
Randy Paine (49yo)
Executive VP & President of Key Institutional Bank
- Tenure: 3.4yrs
- Compensation: US$3.97m
Paul Harris (60yo)
Secretary & General Counsel
- Tenure: 17yrs
Vern Patterson
Executive Vice President of Investor Relations
- Tenure: 23yrs
Don Kimble (59yo)
Vice Chairman & CFO
- Tenure: 6.6yrs
- Compensation: US$3.47m
Mark Midkiff (57yo)
Chief Risk Officer & Executive Officer
- Tenure: 2yrs
- Compensation: US$3.32m
Amy Brady (52yo)
Chief Information Officer & Executive VP
- Tenure: 7.7yrs
- Compensation: US$3.33m
Brian Fishel (53yo)
Chief Human Resource Officer & Executive VP
- Tenure: 1.7yrs
Board Members
Chris Gorman (58yo)
President of Banking
- Tenure: 0.3yrs
- Compensation: US$5.06m
Beth Mooney (64yo)
Chairman
- Tenure: 8.7yrs
- Compensation: US$9.06m
Ruth Ann Gillis (64yo)
Independent Director
- Tenure: 10.2yrs
- Compensation: US$210.00k
Sandy Cutler (68yo)
Independent Lead Director
- Compensation: US$250.00k
Charlie Cooley (63yo)
Independent Director
- Tenure: 8.2yrs
- Compensation: US$230.00k
Bill Gisel (66yo)
Independent Director
- Tenure: 8.2yrs
- Compensation: US$215.00k
Kris Manos (59yo)
Independent Director
- Tenure: 10.7yrs
- Compensation: US$210.00k
H. Dallas (60yo)
Independent Director
- Tenure: 14.7yrs
- Compensation: US$210.00k
Betsy Gile (63yo)
Independent Director
- Tenure: 9.8yrs
- Compensation: US$230.00k
Barbara Snyder (64yo)
Independent Director
- Tenure: 9.5yrs
- Compensation: US$200.00k
Company Information
KeyCorp's company bio, employee growth, exchange listings and data sources
Key Information
- Name: KeyCorp
- Ticker: KEY
- Exchange: NYSE
- Founded: 1849
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$19.118b
- Shares outstanding: 984.96m
- Website: https://www.key.com
Number of Employees
Location
- KeyCorp
- 127 Public Square
- Cleveland
- Ohio
- 44114
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| KEY | NYSE (New York Stock Exchange) | Yes | Common Shares | US | USD | Jan 1980 |
| KEY | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Jan 1980 |
| 0JQR | LSE (London Stock Exchange) | Yes | Common Shares | GB | USD | Jan 1980 |
| KEY1 * | BMV (Bolsa Mexicana de Valores) | Yes | Common Shares | MX | MXN | Jan 1980 |
| KEY | ETLX (Eurotlx) | Yes | Common Shares | IT | EUR | Jan 1980 |
| KEY.PRI | NYSE (New York Stock Exchange) | DEP SHS 1/40 E | US | USD | Dec 2016 | |
| KEY.PRJ | NYSE (New York Stock Exchange) | DEP SHS PFD F | US | USD | Jul 2018 | |
| KEY.PRK | NYSE (New York Stock Exchange) | DP SHS PFD G | US | USD | Apr 2019 | |
| K1EY34 | BOVESPA (Bolsa de Valores de Sao Paulo) | BDR EACH REPR 1 COM | BR | BRL | Dec 2019 |
Biography
KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans. It also purchases retail auto-sales contracts through a network of auto dealership; offers financial, estate and retirement planning, asset management, and trust services, as well as portfolio management, life insurance, charitable giving, and related services for high-net-worth clients. In addition, this segment provides deposits, investment and credit products, and business advisory services to small businesses; and commercial lending, cash management, equipment leasing, and investment products, as well as employee benefit programs, succession planning, capital market access, derivatives, and foreign exchange services to mid-sized businesses. Its Key Corporate Bank segment offers a suite of banking and capital market products, such as syndicated finance, debt and equity capital market products, commercial payments, equipment finance, commercial mortgage banking, derivatives, foreign exchange, financial advisory, and public finance, as well as commercial mortgage loans for middle market clients comprising consumer, energy, healthcare, industrial, public, real estate, and technology sectors. The company also offers securities underwriting, investment banking, and brokerage services. As of December 31, 2018, it offered its products and services through 1,159 retail banking branches and 1,505 automated teller machines in 15 states, as well as additional offices, online and mobile banking capabilities, and a telephone banking call center. KeyCorp was founded in 1849 and is headquartered in Cleveland, Ohio.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/01/17 01:31 |
| End of Day Share Price | 2020/01/16 00:00 |
| Earnings | 2019/09/30 |
| Annual Earnings | 2018/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.